Statistics 101: Simple Binomial Sales Quota Analysis.
In this video, we use the binomial distribution to assess the probability of two salespersons making the firm's daily sales quota. The relationship between success rate and sales call volume is explored. We invoke the TI-83's binomcdf function, so if you have one handy bring it along (not at all necessary though). Finally, I offer two bonus questions! Enjoy!
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7 авг 2024